The following information pertains to Wamser Company: Cash $18,500 Accounts receivable 125,000 Inventory 74,500 Plant assets...
The following information pertains to Wamser Company:
| Cash | $18,500 | ||
| Accounts receivable | 125,000 | ||
| Inventory | 74,500 | ||
| Plant assets (net) | 385,000 | ||
| Total assets | $603,000 | ||
| Accounts payable | $75,000 | ||
| Accrued taxes and expenses payable | 24,500 | ||
| Long-term debt | 48,500 | ||
| Common stock ($10 par) | 155,000 | ||
| Paid-in capital in excess of par | 88,500 | ||
| Retained earnings | 211,500 | ||
| Total equities | $603,000 | ||
| Net sales (all on credit) | $804,000 | ||
| Cost of goods sold | 603,500 | ||
| Net income | 80,500 |
Compute the following: (Round answers to 2 decimal
places e.g. 15.25.)
| (a) | Current ratio | : 1 | ||||
| (b) | Inventory turnover | times | ||||
| (c) | Accounts receivable turnover | times | ||||
| (d) | Book value per share | $ | ||||
| (e) | Earnings per share | $ | ||||
| (f) | Debt to assets | % | ||||
| (g) | Profit margin on sales | % | ||||
| (h) | Return on common stock holders’ equity | % |
Homework Answers
Add Answer to:
The following information pertains to Wamser Company:
Cash
$18,500
Accounts receivable
125,000
Inventory
74,500
Plant assets...
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